Clothing business to raise school upkeep
Miriam
Mugumoni, Kenya
100% repaid
Entrepreneur
Name
Miriam
Member since
January 2015
On-time repayments
86 installments • 87%
About Me
My Name is Miriam Mwende Kiambi, a 22 year old Female Kenyan citizen. I study at Chuka University. At the moment, I'm taking a Bachelors degree in education. I come from Tharaka Nithi county, and I have a great passion for fashion and design. Having been raised by my grand parents, they have taught me to always believe in myself, since everything someone believes, they eventually achieve it. I also learnt to be independent from a very young age. I use my entrepreneurship skills to raise my upkeep here in school to offset the pressure from my straining grandparents. I'm also business minded I have a stall at the University market where I sell second hand clothes to fellow students. Apart from Fashion and design, I also look for sponsors to fund modelling events and fun days. Last year on December I was on the run way on my first time, modelling for Mr and Miss Egoji, and I was honoured the tag. It was very motivational. I.m currently in my third year of study.
My Business
About my business, I have a stall located at Ndagani Chuka University Market. At this stall I sell second hand clothes, and I have mainly specialized in ladies clothes. I get my clothes from Meru town since it is the nearest town to Chuka University. On Monday and Friday I go to Meru and select the best and catchy dresses, tops, belts, trousers and other type of women clothing and ornaments. I then resell the clothing at my stall. At this stall some of these clothes make up to more than 100% percent profit. For example it is very practical to buy a lady's top at $ 0.56 and later resell it at atleast $ 1.67. It is very easy to market my products since most of the customers are fellow students. I have a dream of owning a large boutique and have my own collection of design some day. With the help of members from Zidisha community, I know this dream will come true. Thanks in advance.
Loan Proposal
When my loan has been fully funded, I intend to add add more stock in my clothing stall. I usually buy clothes at Meru during market days, that is on Monday and Friday. I am planning to specialize in tops, dresses and trendy trousers. Basically I buy tops at around $ 0.6 and resell at about $ 1.8. This translates into more than a hundred percent profit. After eliminating the expenses, I am very confident that I will raise my upkeep at school, and also utilize my free time. It is easy to market my products since most of my customers are fellow students. Thanks in advance dear Lenders!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 23, 2015
Repayment status
On Time
Projected term
21 months
Lenders
Germany
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